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Pepperstone India

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
2w ago
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Is Pepperstone available in India?

Are you planning to open a trading account with Pepperstone but not sure if the broker accepts Indian citizens/residents as clients?

Good news is that Pepperstone accepts clients from India, so you can open an account if you are an Indian citizen or tax resident. Here's the ultimate guide to trading with Pepperstone in India and the best alternatives available in the country.

All you need to know about trading with Pepperstone in India
Krisztián
Krisztián Gátonyi
Forex • Market Analysis • Algo Trading

Together with my fellow analysts at BrokerChooser, we conducted thorough tests of Pepperstone's services by opening a real account and executing live trades on its platforms. If you're considering trading with Pepperstone in India, here's what you should know:

  • You can open an account at Pepperstone if you have Romanian citizenship or tax residency.
  • We consider Pepperstone reliable as it is regulated by at least one top-tier authority.
  • Pepperstone is primarily a forex broker.
  • Check out our detailed Pepperstone review to learn more about its offerings, and explore our top picks for the best forex brokers in India.
Overall score
4.3/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit Pepperstone

75.1% of retail CFD accounts lose money

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Opening an account at Pepperstone as an Indian citizen or tax resident

If you're a Indian citizen or tax resident, you can open a trading account with Pepperstone. Generally speaking, Your citizenship and tax residency are the two main factors that determine which brokers you can trade with. But what does this really mean for you in practical terms?

Let's say you're an Indian software developer who landed a job in Singapore and decided to move there for work. If your stay exceeds 183 days within a financial year, you'll become a Singapore tax resident. In this case, even though you're still an Indian citizen, you'll need to find a broker that caters to Singaporean clients.

On the other hand, if you're an American citizen who has moved to India for an extended period, you'll become a tax resident of India if you stay in the country for 182 days or more within a financial year. If you want to trade during your stay, you'll need a broker that accepts Indian clients, regardless of your American citizenship.

You can open an account at Pepperstone as an Indian citizen or tax resident.

Pepperstone is a reliable choice with strict regulation

Our team of brokerage experts has thoroughly checked Pepperstone to ensure it's a legitimate entity.We don't just rely on hearsay – our process involves opening accounts and investing our own funds to gain firsthand knowledge of each broker's operations. By applying this rigorous approach to over 100 brokers worldwide, we can confidently evaluate the safety and reliability of any broker, including Pepperstone.

Rest assured, Pepperstone is not a scam. The broker is overseen by at least one top-tier regulatory authority. By choosing a broker like Pepperstone with top-tier regulation, you're taking a significant step towards protecting your investments from fraudulent activities.

Pepperstone is regulated in UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya

Pepperstone is primarily a forex broker

If your main interest is trading currencies, Pepperstone could be a good choice for you as it is primarily a forex broker. Here's a brief overview of its main features and weaknesses.

Pepperstone is one of the most well-known FX brokers in the industry. If you’re looking for a comfortable account opening and funding, as well as a variety of trading platforms, Pepperstone is a great choice.

Its trading fees are fairly competitive, and deposits/withdrawals are mostly free.

Still, the lack of assets outside forex/CFD will likely deter some traders, and if you go with the MetaTrader platform, you may be underwhelmed by its basic design and UX.

Take a look at the table below for a quick overview of the services offered by Pepperstone.

Pepperstone at a glance
🗺️ Country of regulation UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya
🔒 Investor protection £85k to UK, €20k to EU clients, and $0 to other clients
💸 Minimum deposit $0
💰 EUR/USD spread 0.1
💰 Withdrawal fee $0
💱 Currency pairs available 97
🎮 Demo account provided Yes

Data updated on January 31, 2025

Pepperstone fees and costs

Take a look at the table below to see the main fees and charges applied by Pepperstone for trading currencies.

FX fees at Pepperstone
FX fee category Commission/spread value
FX commission per lot $3.50
EUR/USD spread 0.1
EUR/GBP spread 0.3
EUR/AUD spread 0.5
GBP/AUD spread 2.5

Data updated on January 31, 2025

Try our FX calculator if you want to calculate the FX fees for your trade scenario.

Get to know Pepperstone and its top competitors

Are you curious about Pepperstone's trading platform, fees, and overall service quality for 2025? We've got you covered with BrokerChooser's in-depth review of Pepperstone. Our team of experts has left no stone unturned, diving deep into over 600 data points and getting hands-on experience by opening a real account and making trades. This approach allows us to provide you with an honest, comprehensive assessment of what Pepperstone has to offer.

If you're keen to explore alternatives, check out our carefully selected list of the best forex brokers in India. This top-notch selection features Pepperstone's fiercest competitors, all of which welcome Indian traders.

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Overall score
4.3/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit Pepperstone

75.1% of retail CFD accounts lose money

Want to unlock your perfect broker match?
Sign up to receive and save your personalized broker recommendations!

FAQ

What should I look for when choosing a broker in India?

When choosing a broker in India, we recommend working with brokers that are overseen by top-tier regulators such as the Financial Conduct Authority (FCA) in the UK, or the Australian Securities and Investments Commission (ASIC) in Australia. These regulators enforce strict standards and guidelines, ensuring that brokers operate transparently and fairly, which helps protect investors from potential scams. Be cautious of unregulated platforms that promise exorbitant profits, as they may be fraudulent schemes disguised as legitimate investment opportunities.

How are profits from trading taxed in India?

In India, profits from securities trading are subject to capital gains tax (CGT). Short-term capital gains (for investments held less than 12 months) are taxed at a rate of 15%. Long-term capital gains (for investments held longer than 12 months) exceeding ₹1 lakh are taxed at 10%. Day trading profits are taxed according to the individual's income tax slab. Always keep accurate records and consult with a tax professional to ensure proper reporting and payment of taxes on your trading profits.

Is forex trading legal in India?

Yes, forex trading is legal in India, but it is subject to certain restrictions set by the Foreign Exchange Management Act (FEMA) and regulated by the Reserve Bank of India (RBI). Forex transactions can only be undertaken with authorized persons and for permitted purposes. For a full rundown of forex trading limitations in India, check out this article.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author
Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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Visit Pepperstone 75.1% of retail CFD accounts lose money